MARKET NEWS

DTN Closing Livestock Comment 10/15 16:11

10/15/2019 - 16:42:00

DTN Closing Livestock Comment 10/15 16:11
   Livestock Futures Close Stronger Than Expected

   Tuesday's close was better than what was expected around the noon hour;
cattle prices rebounded modestly in some contracts all while hog issues surged
higher.

By ShayLe Stewart
DTN Livestock Analyst



   GENERAL COMMENTS:

   Tuesday's cattle futures opened higher, fell lower and then picked up right
before closing higher in most contracts. Lean hog markets had a huge day with
significant price gains and aggressive slaughter. Hog prices are higher on the
National Direct Afternoon Hog Report, up $1.08 with a weighted average of
$59.24. December corn is down 4 1/2 cents per bushel and December soybean meal
is down $3.10. The Dow Jones Industrial Average is up 236.90 points and NASDAQ
is up 100.05 points.